I'm not sure if I agree with you, but good post.
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What people don't think about or realize is that the original income tax was basically a flat tax. Then they realized there should be exceptions....and those exceptions just kept multiplying and branching out and now we have this.
It's the first thing I think about when people suggest we go to a flat tax. Yeah, well, that's just restarting the same damn system.
A lot of things won't happen so long as congress is protecting itself. It's why you don't see term limits. What it would take is a grass roots effort to start a discussion on term limits and hope that that can gain legs. If the nutty "squad" can get elected (and there are more on the way) with their idiotic platform, why not a group of young reps to start the term limits ball rolling. (And it is interesting that even the "squad" doesn't talk about term limits.)
One of the problems (perhaps the biggest problem) is that a good portion of the voting public have no idea as to what term limits are and what they mean.
Sure there's an upper limit where raising the minimum wage becomes a bad proposition, but there's also a lower limit where paying those wages is a bad proposition. We are closer to the lower limit than we are to the upper limit. You threw out $10 an hour, well the Federal Minimum wage is $7.25 an hour. Why couldn't that go up to $10?
Let's be honest "I can't possibly pay you a dime more because it's actually bad for you to get more money" sounds like something rich people say to poor people to keep from having to give them more money.
The FEDERAL minimum is $7.25, but 30 states have minimums above that with 20 of them between $10 and $15. I'm not suggesting we keep the minimum wage as is- the federal minimum hasn't changed in a long time. What I'm cautioning is regarding the impact a significant jump can have. You're focusing on rich likely big business owners while I'm thinking of the small business owner, people who don't have a lot of wiggle room to remain in business....and in this time frame are in more fragile positions than maybe ever. Even the big businesses would react to significant increase in minimum wage by reducing the number of overall jobs.
And yet those 30 states don't suffer from negative effect on job growth as well as the ability of many small businesses to remain open. On top of that it would increase inflation and make American made products less viable in the international market.
So I think it's safe to say that yes we agree there's an upper limit ($15 is probably too high), but that the minimum wage should definitely be raised.
But my overarching point is that yes, even businesses that could afford to pay their workers more would still pass that cost onto consumers. Because the one thing that can't happen, even though they could afford it, is making less money.
And those same greedy people that won't accept making a $1 less than they currently do are the people we believe will trickle our money back down to us when we give it all to them?
oh there's no trickling...they get it, they hold onto it, then snowball what they're holding onto
but yeah, unless and until we as a country find a way for the wealthy to pay their fair share into the system, taxes and otherwise, we'll continue our trend towards more and more needing assistance while the wealthy continue their game of monopoly while the rest of us play candyland
this all ties together politically...unless and until we break this ongoing situation with career politicians doing the bidding of big oil/pharma/wall street where our 'voice' is little more than choosing whith side is more palatable, not which will actually push for what we need....we'll continue down this destructive path (destructive for everyone who doesn't break into that top group somehow)
You’re looking at this by considering all business owners as if they were in the top 1% and that’s not the case. Many business owners, especially small businesses, are in the middle class, not much better off than anyone else.
My friend owns a home healthcare company, taking care of elderly people. He trains his employees meaning they can start at his company with little or no experience. He prides himself on taking care of his employees and I’ve seen first hand that he does. Currently, he pays his employees between $10-13 an hr which is better than most home health aides. With his pricing, after taxes and administrative costs he takes home about $2-3 per hr per client. If the federal minimum wage increased to $15, he would than be paying $15-18 an hr to employees. He would then net negative $2-3 per client. He would most likely need to put the $5 an hr increase in his clients who are elderly people. This is the same in most small businesses. It’s not about taking money from the wealthy. It’s about preserving small businesses.